Too many fake, or junk cryptocurrencies starting as of late?

[Skysaint]

That is the reason why I research about any coin that I want to invest with my money so as to avoid losing it to a pump and dump cryptocurrency in the market.

That's very correct mate. I do agree with you on this, as there are just too many coins almost like coming up at short intervals. I think it's wise to invest in new coins with a promising future or better still deal on the old coins

 

[Thinker009]

Those junk crypto currency might worth it in the future and the person might lose out on Making huge amount of profit , it's best to make proper research about crypto before investing

 

[Kaffyfolla]

There are countless junk and shit Cryptocurrency around the globe, they are no where to be found in capital market, they are more or less a scam

 

[Chibson]

You just have to be careful the kind of cryptocurrencies you invest on because a lot of people are bringing new ones on daily basis.

 

[Kunkun]

Yeah and this is to be expected too because people tends to flock where something is doing well and no surprise that crypto currency as been doing well and aims to do better too

 

[Ceeny007]

In the world of business and in life generally things like these are bound to happen,when there's a huge pool for making money people will adulterate it

 

[btaliat]

I don't know why we have many crypto coins when most of them are not that relevant. I just wish it can be limited to maybe 50 at max to being investing in fake coins or coins without future

 

[Shigobad2020]

I believe bitcoin and other high valued crypto currency has given people the mind and the orientation that their own crypto currency coin too can hit the limelight if they create one, thereby creating junks in the name of coin.

 

[Filicit]

It's not ideal to say a coin is bad during its first few period, the coin would definitely encounter challenges so when i t takes a while and it still won't grow then it can be classified as bad

 

[nimzy]

In cryptocurrency is quite impossible to predict the legitdity of a particular crypto without being tested so I believe when tested you can be able to have a better information to give about the particular cryptocurrency.

 

[Dagm1]

You can easily quickly produce a crypto token, if you have actually a bit of understanding on blockchain as well as abilities in establishing crypto money. You can easily quickly advertise on the internet, if you have actually some cash. That is the reason certainly there certainly are actually a lot of scrap crypto moneys.

 

[Ezekiel]

Crypto currency has made the world change to something else, currently there are alot of business out there, but some pays in crypto,I am planning to help myself imoprove in all areas that would have makhrllll

 

[FreshKaz11]

I've been hearing of more cryptocurrencies starting up as of late, and it's mind boggling to see. I was wondering if you encountered any of the new ones? Are they bad? I can see a lot of them starting up to scam people, so please be safe when it comes to what you invest in. Research it, and make sure you're not investing into something fake or a scam.

Too many fake cryptocurrencies are out there to scam people off their hard earn money so one needs to be very careful these days if he or she doesn't want to lose the little earning he or she could be used to take care of herself.

 

[Blessedsam60]

Yes, there are a lot of crytocurrency project going on just to scam or deceive people. It's really disheartening that millions of dollars will be invested and the next thing is that the project has crashed.

 

[tyrim88]

Virtually everyone wants to make huge money from crypto currency and this does not exclude the celebs and sport people, so it's just the normal thing.

I think ths is the moer reason why an investor that wants to do real trading really have to do proper findings about who are behind the coin,the capitalisation and the trading volume in the market trading platform.
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These are actually alled poocoins. They tend to pump very fast and quickly to deceive unsuspecting investors to think it is a coin worth investing into. Only to pull off the rugg off this unsuspecting investors foot the moment they buy imonsuch nonsense coins

This is actually what the market space will likely see and experience with the influx of relatively low value coin that will not eventually fly.One need to do his research very well before investing his money in one of those coin.

 

[Sotherefore]

That is what a lot of people are now doing using the BSC blockchain because this offer them a good environment for them to be able to create cryptocurrency with ease and no stress.

 

[Senator]

That's very true and accurate as well on these too many fake cryptocurrency in the market today. They give you that false hope showing how the currency is pumping so suddenly after been introduced into market and later scam you of your investment

 

[Snazzy001]

This very act is bad and maybe going to spoil the minds of people who have interest or plans of investing in cryptocurrency. Things can look scattered and people may not even know which coin to invest in again

 

[Sincerem]

Most of the cryptocurrency is purely made for scam purposes that's why I don't pay attention much to unknown coins, I trade with Binance, and their is no how Binance can allow scam coins in.

 

[nimzy]

I what so ever kind of business it's always believe that their are fake and the original product it's also the same thing with cryptocurrency there most be the original and the fake cryptocurrency.